AGT stock rises after announcement

Ainsworth Game Technology’s stock jumped nearly 13 per cent on Monday after it confirmed recent media reports that it has engaged financial advisors to help it review opportunities available to it.

Multiple media outlets have reported that AGT is seeking to de-list from the Australian Securities Exchange and go private. The Australian Financial Review identified Novomatic, which owns 50 per cent of AGT, as a potential buyer of the whole company.

The company said in a statement filed with the exchange that it has engaged Macquarie Capital as its advisor, noting that the process is in the early stages and that it has yet to receive any expressions of interest.

AGI said it will consider all strategic alternatives that will maximise shareholder value and that it remains committed to investing in and growing the business.

Source: Fantini’s Gaming Report